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HomeMy WebLinkAbout872074RECEIVED LINCOLN COUNTY CLERK MORTG 2 7'4 a ri r 2 PH 2.02 LEE COMITO, OF P.O. BOX 9692, JACKSON, WY 83002, (hereincollectiv called "MORTGAGOR to secure the payment of SIXTY TWO THOUSAND FIVE HUNDRE� LN[Iu r'ei (;yNFR ($62,500.00), with interest thereon, as provided in and evidenced by a prorT'sl4it• WYOMING of even date herewith (the ultimate maturity date of which is the 10TH day of .TANUARY 2,001) and all renewals, modification and extensions thereof, do hereby mortgage unto KIM H. HAWKER AND RETTA HAWKER, HUSBAND AND WIFE, OF 4770 N 1100 W, BRIGHAM CITY, UT 84302, (herein called "MORTGAGEE the following described real property, situate in the County of Lincoln, State of Wyoming, hereby releasing and waving all rights under and by virtue of the homestead exemption laws of the State of Wyoming, to -wit: BOOK Q __PR PAGE____._ MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes, assessments and charges levied against the Property, as the same become due and payable; o secure, maintain and furnish MORTGAGE evidence thereof, insurance with an insurance arrier or carriers acceptable to MORTGAGEE, covering he insurance improvements on the operty against loss by fire and earthquakes, with extended coverage, in an amount not less an the unpaid balance of the debt hereby secured, or the insurable value (replacement cost) such improvements whichever is less, which insurance shall contain an appropriate loss yable provision protecting MORTGAGOR and MORTGAGEE as their respective interests may pear from time to time. In the event MORTGAGOR fails to pay such taxes or assessments, r fails to keep and maintain such Insurance as herein provided, MORTGAGEE may pay such taxes and assessments and may secure and pay for such insurance, and all sums so paid shall be added to and considered a part of the indebtedness hereby secured and shall draw interest at the same rate. In case of default shall be made in the payment of the above sums hereby secured, or in the payment of the interest thereon, or any part of such principal or interest, when the same shall become due; or in case of default shall be made in any of the covenants and agreements thereof, or in the event MORTGAGOR sells or conveys the Property, or any part thereof, or any interest therein, without the prior written consent of the MORTGAGEE first had and obtained, than the whole indebtedness hereby secured, with interest thereon, shall become due and payable, at the option of MORTGAGEE, and MORTGAGEE'S legal representatives and assigned, may proceed by advertisement and sale /or as otherwise authorized by governing law, to foreclose on and sell the Property, and out of the proceeds of such sale, MORTGAGEE shall pay all sums due hereunder, together with all costs of sale including reasonable attorney's fees. If the proceeds of the foreclosure sale are insufficient to pay the indebedness hereby secured and forclosure costs, MORTGAGEE shall be entitled to a deficiency judgment. In the event of any default whereby the right of foreclosure occurs hereunder, MORTGAGEE shall at once become entitled to exclusive possession, use and enjoyment of the Property, and to all rents, issues and profits from the accruing of any such rights and during the pendency of the foreclosure proceedings, and the period of redemption, if any there be. MORTGAGOR warrants title to the Property as to parties claiming, by through or under the MORTGAGOR only. Witness our hands this 10th day of January 20 State of Wyoming County of Lincoln The foregoing instrument was acknowledged before me by 10th day of January 2001 Witness my hand and official seal. My Commission Expires: -1/ -ZooL_ LAURIE McKEE NOTARY PUBLIC CQUNTY OF STATE OF LINCOLN G WYOMING SEE ATTACHED EXHIBIT A. 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